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Strategies & Market Trends : Heinz Blasnik- Views You Can Use -- Ignore unavailable to you. Want to Upgrade?

To: Wyätt Gwyön who wrote (2153)	6/6/2003 1:11:52 PM
From: Perspective	Read Replies (2) \| Respond to of 4904

<* i believe a decline in the USD historically has not been good for US assets> If all the monetary authorities cooperate in the bonfire of the currencies (as they now appear to be doing), the USD may not in fact depreciate against other currencies. Actually, my biggest point is that the USD is depreciating against anything you might want to buy with it - in other words, inflation is chewing away at it's purchasing power, even as the monetary authorities fret over how the deal with the deflationary forces. If we are short, we are 200% long paper US dollars, while the cost of anything we might want to buy could be accelerating away. I believe the Fed will get what it wants - avoiding a reduction in the average level of prices due to overwhelming debt load and excess capacity - but an unstoppable hyperinflation is right around the corner. BC